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Eclipse Business Capital Provides $28.5MM in Credit Facilities to Support Acquisition of Floor Products Distributor

January 25, 2023, 07:37 AM
Filed Under: Distribution

Eclipse Business Capital (“EBC”) provided a $28.5 million senior secured credit facility to support the acquisition of a flooring products distributor. The transaction included a $25 million revolving line of credit and a $3.5 million machinery & equipment term loan that are secured by accounts receivable, inventory, and machinery and equipment. The proceeds will be used to fund the acquisition and support working capital.

Originally founded in 2016, EBC is one of the country’s leading independent asset-based lending platforms targeting both privately-owned and publicly traded companies across a wide range of industries. The firm provides revolving lines of credit and term loans ranging in size from $10 – 200 million that are secured by collateral such as accounts receivable, inventory, equipment, or real estate.

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